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Reality show next - Profile of American Apparel founder

You couldn’t make this s*it up :)
WSJ profile of the American Apparel founder:

Mr. Charney’s penchant for outspokenness could also prove risky. In an interview March 20, Mr. Charney said his current chief financial officer, Ken Cieply, “has no credibility” in the retail apparel industry and is a “complete loser.”

Yeah that’s healthy when you are the CEO of a public company…

He’s not done yet…

By the middle of 2006, Mr. Charney began looking for ways to boost his finance staff. He offered an $800-a-week internship to Adrian Kowalewski, a recent University of Chicago business-school graduate who had briefly spoken with Mr. Charney about an academic paper the month before. Mr. Kowalewski’s task: to devise a plan to save the company’s deteriorating finances.

I’m all for offering young people chances to… ;)

Mr. Charney found himself at the center of four lawsuits from former employees, all alleging sexual harassment. One was dismissed and two others were settled out of court.

Yeah that surely adds some excitement for stockholders, my god man your rich and live in LA, how hard can it be to pick someone up…

American Apparel’s March 17 filing contains 15 pages of risk factors

Yeah that’s definitely more than your average public company….

Can’t wait to see what’s next
(Inspiration of post from Marc Andressen)

Posted at 5:11 am,

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